How Many Banks - Page 2 - The Finance Forums: Financial planning, debt help, loans, mortgages, retirement and 401k, investment, and general finance discussion forums

fitnessk · #11 (**permalink**) 03-14-2007, 11:57 AM

I have an account at two different banks. I have my savings at one and my checking account at another.

cesc · #12 (**permalink**) 03-17-2007, 02:31 AM

I use two banks as well but I have savings and checkings in each along with credit cards...I always fear about banks going bankrupt.

shaye · #13 (**permalink**) 03-17-2007, 03:05 AM

I put my trust in one bank so naturally everything goes into it...hopefully it stays "alive" aka doesn't go bust.

katharina · #14 (**permalink**) 07-01-2007, 02:59 PM

Quote:

Originally Posted by taiarain

How many banks do you hold accounts at? I have one for personal, one for business and a couple for credit lines. What about you guys? Is it all one or are you more diversified?

Three for me. One for MMA, one for checking and savings and another for checking accounts.

kenneth.robert · #15 (**permalink**) 01-25-2008, 06:57 AM

i have 2 account. i have personal account and credit card account.

C-squared · #16 (**permalink**) 01-27-2008, 09:09 PM

We have multiple accounts open at one bank (2 business, 3 personal - our joint checking and personal checking, which will be combined with the husband gets home from the Army) and a savings account at the credit union.

TheAdjustment · #17 (**permalink**) 02-08-2008, 09:34 AM

I have 7 accounts if you include Paypal and Moneybookers.
-savings
-checking
-business
-checking
-checking
-Paypal
-MoneyBokers

It's all easy to maintain although only recently I don't like using both Paypal and Moneybookers.

sahilmiddha · #18 (**permalink**) 05-26-2008, 07:22 AM

I just have one with a credit union and a paypal account.

spencer24 · #19 (**permalink**) 05-26-2008, 07:01 PM

Quote:

Originally Posted by cesc

I use two banks as well but I have savings and checkings in each along with credit cards...I always fear about banks going bankrupt.

Keeping your money in different banks, might be indeed a good idea in these uncertain times.

Alan Baggett · #20 (**permalink**) 06-14-2008, 02:43 PM

Since there is deposit insurance, as long as you're under that, you shouldn't have to worry about bank failure. Try to reduce the number of banking fees that you're currently paying if you're looking for a way to save money.